Monday, January 10, 2005


Although the Dow was up 17 points today, the price bar was basically an "inside" day-the high and low within yesterday's high and low. Based on this sideways move a revised target has been generated: 10633-(10890-10633) = 10376. I line has been drawn on the chart at that level. If this is going to be a significant downtrend, this target will only be a pause to much lower prices. Let's see if it can make the target this week, or go sideways a little bit more.

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